Related topic: FCA

Homeowners aged 55-plus own more than £3.7 trillion of mortgage-free property wealth.

The FCA and the FOS will begin implementing changes from today, where they can.

The Group has warned against the government's 'deregulation agenda' and calls for a Royal Commission into UK financial conduct regulation.

The FCA warns many financial services firms still need to strengthen their approach to customer support, despite improvements since the introduction of the Consumer Duty.

The regulator confirmed that it will consult on further changes to its mortgage rules this year.

The regulator has raised concerns over how brokers advise customers, assess affordability and charge fees.

Rajinder Gill ran an illegal sale-and-rent-back scheme targeting struggling homeowners.

Around 214,000 mortgages have temporarily reduced monthly payments via the FCA rules since their launch in 2023.

The regulator revealed that it will consult on simplifying its advice rules.

New arrears cases also increased for the first time since 2023.